- Goa has a gross state domestic product (GSDP) of Rs 645.44 billion (US$ 9.62 billion) in 2016-17 and is one of the fastest growing states in India.
- The state's economy is driven by industries such as mining, tourism, and pharmaceuticals. Mining production was 6.08 million tonnes in 2017-18 and iron ore exports reached 17.64 million tonnes between 2015-2017.
- Goa received over 7 million domestic tourists and nearly 1 million foreign tourists in 2017, demonstrating the strong tourism industry.
Goa is a state located on India's west coast with a tropical climate. Its economy is driven by industries like mining, tourism, and pharmaceuticals. Some key points:
- Goa has a gross state domestic product of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17 and is one of the fastest growing states in India.
- Major economic sectors include mining (iron ore production of 6.08 million tonnes in 2017-18), tourism (over 7 million domestic tourists in 2017), and pharmaceuticals.
- The state enjoys strong infrastructure like an international airport and Mormugao Port, which handled over 33 million tonnes of cargo in 2016-17
Goa is a major producer of iron ore in India. Exports of iron ore from Goa reached 17.64 million tonnes between September 2015 and November 2017. Mormugao Port, Goa's major port, saw remarkable growth in 2016-17 with cargo handling increasing by 59.70% over the previous year. Goa has a strong economy driven by industries like mining, tourism, and pharmaceuticals, with the state's GSDP estimated at US$ 10.85 billion in 2017-18.
Goa has experienced strong economic growth, with its GSDP increasing at a CAGR of 9.75% between 2005-06 and 2015-16. The state's economy is driven by industries such as mining, tourism, and pharmaceuticals. In 2015-16, the tertiary sector accounted for 46.67% of GSDP, followed by the secondary sector at 46.45%. Goa also has a high per capita GSDP and NSDP, at US$4,784 and US$5,637.96 respectively, reflecting its robust economic performance.
Goa is one of India's fastest growing states with a GSDP of US$8.55 billion in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. In 2016-17, Mormugao Port saw remarkable growth with traffic increasing 59.70% to 33.18 million tonnes. Goa also has a well-developed infrastructure and is a popular tourist destination receiving over 6,80,683 foreign tourists in 2016.
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the most at 35.55% of the GSVA. The tertiary sector grew at 11.07% between 2011-12 and 2016-17. FDI inflows between April 2000 to June 2018 totalled US$ 970 million. Goa attracted over 6.8 million domestic tourists and 890,459 foreign tourists in 2017. The state's per capita GSDP of Rs. 425,749 (US$ 6,346) in 2016-17 was one of the highest in India.
Goa has a well-developed physical infrastructure that includes roads, ports, airports, and power. The state has over 293 km of national highways connecting it to other major cities. Mormugao Port in Goa handled over 10 million tonnes of cargo in 2017-18, registering strong growth. Goa International Airport provides domestic and international air connectivity. Power infrastructure in the state has also been expanded with installed capacity reaching over 549 MW as of May 2018. Overall, Goa's infrastructure has supported its economic growth in key sectors such as tourism and mining.
Goa is one of India's major iron ore producers and Mormugao Port reflected remarkable growth. Goa has strong economic growth and is a tourist paradise. The state's GSDP and per capita GSDP are high and among the highest in the country. Goa aims to be a knowledge-centric state that preserves its natural beauty through sustainable development and good governance.
Goa has a well-developed physical infrastructure that includes roads, ports, airports, and power. The state has 293 km of national highways that connect it to other parts of India. Mormugao Port is a major port that handled over 17 million tonnes of cargo in FY2019. Goa International Airport connects the state to domestic and international destinations. Power infrastructure in the state includes installed capacity of over 550 MW as of February 2019. Overall, Goa's infrastructure facilitates tourism and trade and supports its economic growth.
Goa is a state located on India's west coast with a tropical climate. Its economy is driven by industries like mining, tourism, and pharmaceuticals. Some key points:
- Goa has a gross state domestic product of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17 and is one of the fastest growing states in India.
- Major economic sectors include mining (iron ore production of 6.08 million tonnes in 2017-18), tourism (over 7 million domestic tourists in 2017), and pharmaceuticals.
- The state enjoys strong infrastructure like an international airport and Mormugao Port, which handled over 33 million tonnes of cargo in 2016-17
Goa is a major producer of iron ore in India. Exports of iron ore from Goa reached 17.64 million tonnes between September 2015 and November 2017. Mormugao Port, Goa's major port, saw remarkable growth in 2016-17 with cargo handling increasing by 59.70% over the previous year. Goa has a strong economy driven by industries like mining, tourism, and pharmaceuticals, with the state's GSDP estimated at US$ 10.85 billion in 2017-18.
Goa has experienced strong economic growth, with its GSDP increasing at a CAGR of 9.75% between 2005-06 and 2015-16. The state's economy is driven by industries such as mining, tourism, and pharmaceuticals. In 2015-16, the tertiary sector accounted for 46.67% of GSDP, followed by the secondary sector at 46.45%. Goa also has a high per capita GSDP and NSDP, at US$4,784 and US$5,637.96 respectively, reflecting its robust economic performance.
Goa is one of India's fastest growing states with a GSDP of US$8.55 billion in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. In 2016-17, Mormugao Port saw remarkable growth with traffic increasing 59.70% to 33.18 million tonnes. Goa also has a well-developed infrastructure and is a popular tourist destination receiving over 6,80,683 foreign tourists in 2016.
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the most at 35.55% of the GSVA. The tertiary sector grew at 11.07% between 2011-12 and 2016-17. FDI inflows between April 2000 to June 2018 totalled US$ 970 million. Goa attracted over 6.8 million domestic tourists and 890,459 foreign tourists in 2017. The state's per capita GSDP of Rs. 425,749 (US$ 6,346) in 2016-17 was one of the highest in India.
Goa has a well-developed physical infrastructure that includes roads, ports, airports, and power. The state has over 293 km of national highways connecting it to other major cities. Mormugao Port in Goa handled over 10 million tonnes of cargo in 2017-18, registering strong growth. Goa International Airport provides domestic and international air connectivity. Power infrastructure in the state has also been expanded with installed capacity reaching over 549 MW as of May 2018. Overall, Goa's infrastructure has supported its economic growth in key sectors such as tourism and mining.
Goa is one of India's major iron ore producers and Mormugao Port reflected remarkable growth. Goa has strong economic growth and is a tourist paradise. The state's GSDP and per capita GSDP are high and among the highest in the country. Goa aims to be a knowledge-centric state that preserves its natural beauty through sustainable development and good governance.
Goa has a well-developed physical infrastructure that includes roads, ports, airports, and power. The state has 293 km of national highways that connect it to other parts of India. Mormugao Port is a major port that handled over 17 million tonnes of cargo in FY2019. Goa International Airport connects the state to domestic and international destinations. Power infrastructure in the state includes installed capacity of over 550 MW as of February 2019. Overall, Goa's infrastructure facilitates tourism and trade and supports its economic growth.
Goa has a gross state domestic product (GSDP) of Rs 645.44 billion (US$ 9.62 billion) in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. Goa witnessed strong economic growth with its GSDP increasing at a compound annual growth rate (CAGR) of 8.78% between 2011-12 and 2016-17. The tertiary sector contributed the largest share to GSVA at 35.55% in 2016-17, followed by the secondary sector at 55.18%. Tourism is a major contributor to growth in the tertiary sector.
The document provides an overview of Goa, India including its economy, infrastructure status, business opportunities, and state acts/policies. Some key points:
- Goa has a GDP of $9.3 billion in 2015-16 and is one of India's fastest growing states, driven by industries like mining, tourism, and pharmaceuticals.
- Major ports and an international airport help support Goa's strong economic growth and facilitate infrastructure and trade.
- The economy is shifting towards knowledge-based industries and tourism is a large industry, receiving over 500,000 foreign tourists in 2015.
- Opportunities exist in sectors like mining, pharmaceuticals, biotechnology, and IT, supported by a
Goa is one of India's fastest growing states with a GSDP of US$ 9.3 billion in 2015-16. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. The tertiary sector, which includes tourism, contributes the most to Goa's GSDP at 46.64%. Infrastructure has grown significantly, with the Mormugao port reflecting a 41% increase in traffic during 2015-16. Goa aims to further develop knowledge-based industries and preserve its natural beauty while ensuring good governance.
Goa has a well-developed economy driven by industries like mining, tourism, and pharmaceuticals. It has experienced strong economic growth, with GSDP increasing at a CAGR of 16% between 2004-2005 and 2011-2012. Goa also has one of the highest per capita incomes and literacy rates in the country. The state's economy is facilitated by good infrastructure including ports, airports, and roads. Key sectors include mining, tourism, pharmaceuticals, and fisheries.
The document provides an overview of Goa, India including:
- Goa is a major iron ore producer and its iron ore exports have grown significantly. Mormugao Port also reflected remarkable growth.
- Goa has a strong economy and is one of the fastest growing states in India. Its gross state domestic product was $7.24 billion in 2014-15.
- Tourism is also a major industry and in 2015 foreign tourist footfall reached over 541,480.
Punjab is a state in northern India known as the "land of five rivers". The document provides an overview of Punjab's economy and key sectors. It highlights that Punjab has a strong agriculture sector as the largest producer of wheat and rice in India. The industrial sector is also growing, with textiles emerging as a key hub and the state offering various incentives. Punjab has good infrastructure including transportation and aims to further develop renewable energy sources.
Punjab has a strong economy driven by agriculture and textiles. The state's GSDP grew at a CAGR of 10.2% between 2011-12 and 2017-18 reaching Rs. 4.77 trillion, with tertiary sector contributing the most at 46.7%. Punjab is a leader in wheat and rice production in India and has emerged as a key textiles hub, with the sector attracting significant investments. The state focuses on renewable energy and aims to achieve 4,772 MW solar capacity by 2022. With good infrastructure, supportive policies and focus on key sectors, Punjab offers opportunities for economic growth.
Punjab has a strong agricultural base and is one of India's largest producers of wheat and rice. The state is focusing on increasing renewable energy sources such as solar and biomass. Punjab also has well-developed infrastructure and is a major hub for textiles industries like yarn, garments and hosiery due to its textile policies and incentives. The state aims to improve connectivity and develop sectors like automotive and IT by 2022.
Punjab has a strong economy, with its GSDP reaching Rs. 4.77 trillion (US$ 74.09 billion) in 2017-18, growing at a CAGR of 10.2% between 2011-12 and 2017-18. The state's per capita GSDP and NSDP also grew at impressive rates of over 8% during the same period. Punjab has a diverse economy with key sectors including agriculture, textiles, automotive and auto components. The state aims to further diversify its economy and attract investments in sectors such as agro-based industries, IT & ITeS through various incentives and initiatives.
Punjab has emerged as a key textiles hub and agricultural producer in India. The state contributes 2.72% to India's total GDP. Punjab's economy has grown at a CAGR of 9.97% between 2011-12 to 2018-19, with services becoming the largest sector. The state is focusing on renewable energy and attracting investments in sectors like textiles, agriculture, automotive and IT.
Punjab is focused on increasing renewable energy generation and has emerged as a key textiles hub. It has strong agriculture production, particularly of rice, maize, sugarcane and barley. Punjab has the best infrastructure facilities in India, including roads, railways, airports and other connectivity. The state government is promoting industries and improving agriculture through various policies and incentives.
Punjab has emerged as a key textiles hub and has a strong agricultural base as the largest wheat and rice producer in India. The state economy is growing at a compound annual growth rate of 10.2% with services contributing the most at 46.7% of GSDP in 2017-18. Punjab aims to increase focus on renewable energy and attract more investment from agriculture and services.
Maharashtra State : Mumbai Finance Gateway to IndiaJhunjhunwalas
- Maharashtra has a well-developed physical infrastructure including 4,257 km of national highways and over 410,000 km of total roads.
- The state is connected to neighboring states and other parts of India through 18 national highways. A notable highway is the 93 km Mumbai-Pune expressway.
- As of 2011, 97.8% of villages in Maharashtra were connected by all-weather roads.
Haryana is a state in northern India known as the "breadbasket of India" due to its agricultural production. Some key facts about Haryana:
- Agriculture is a major part of the economy, with wheat and rice as the primary crops.
- The service sector contributes over 50% of the state's GDP and has grown at 20.5% between 2004-2005 to 2010-2011.
- Industrial development is encouraged through policies and incentives, and sectors like IT and manufacturing have grown substantially.
Punjab is focusing on renewable energy sources with a target capacity of 5,400 MW by 2022. The state is a textile hub and a major producer of crops like rice, sugarcane, and wheat. Punjab has the best infrastructure in India including roads, railways, airports. The state government is working to improve education, healthcare, transport and encourage investment in industries.
Gujarat has attracted US$ 16 billion in FDI from April 2000 to December 2016, accounting for 4.6% of India's total FDI inflows. The state government held an expo and summit in Rajkot in January 2016 where MoUs worth US$ 341.88 million were signed. Gujarat has a vision to become a globally competitive, knowledge-based and tourist destination by 2020 through developing world-class infrastructure, attracting investments, and improving social amenities and education.
Nagaland has around 600 million metric tonnes of unexploited crude oil reserves and over 20 million tonnes of hydrocarbon reserves. The state also has significant hydropower potential of 1,574 MW, while the current installed capacity is only 53.37 MW. Nagaland's economy is based on agriculture and related sectors such as floriculture, horticulture, bamboo cultivation and sericulture. The state government is promoting the agriculture sector to increase its contribution to the GDP and achieve food security for the population through its Nagaland Vision 2025 plan.
Gujarat has received $16 billion in FDI from 2000-2016, accounting for 4.6% of India's total FDI inflows. A key document summarizing Gujarat's growth, opportunities, and policies across sectors like infrastructure, business, and agriculture. It provides statistics on Gujarat's economy, population, infrastructure development and growth across primary, secondary and tertiary sectors between 2004-05 and 2015-16.
The document provides an overview of the real estate sector in India. Some key points:
- The size of India's real estate market is expected to grow from $126 billion in 2015 to $853 billion by 2028, representing a CAGR of 15.85%.
- Rapid urbanization, growing income levels, and a large young population are driving demand for residential and commercial real estate across major cities.
- The government has introduced initiatives like the Housing for All scheme and increased FDI limits to boost investment and development in the sector.
- Segments like residential, retail, and commercial real estate are expected to see strong growth, with demand for office and retail space centered in cities like Delhi, Bengaluru
Gujarat has experienced strong economic growth, with its GSDP growing at an average annual rate of 12.02% between 2004-05 and 2015-16. The state attracted $13.28 billion in FDI between April 2000 to March 2016, accounting for 4.6% of India's total FDI inflows. Gujarat has a diverse economy with major sectors being petroleum and petrochemicals, pharmaceuticals, cement and ceramics, textiles, and agriculture. The state government is working to further improve infrastructure, attract investment, and develop sectors like renewable energy and tourism.
Goa has a well-developed physical infrastructure. Some key points:
- Goa has 293 km of national highways connecting it to other states.
- The state spent over Rs 120 crore in 2017-18 on upgrading major district roads, rural roads, and central roads.
- Mormugao Port is a major port in Goa handling over 26 million tonnes of cargo annually. The state also has an international airport with connections to domestic and international destinations.
Goa is one of India's major iron ore producers and Mormugao Port reflected remarkable growth. Goa is also a tourist paradise and one of the fastest growing states in India, with its net state domestic product at about US$ 7.24 billion in 2015-16. The document provides an overview of Goa's economy, key sectors, infrastructure status, business opportunities and acts/policies.
Goa has a gross state domestic product (GSDP) of Rs 645.44 billion (US$ 9.62 billion) in 2016-17. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. Goa witnessed strong economic growth with its GSDP increasing at a compound annual growth rate (CAGR) of 8.78% between 2011-12 and 2016-17. The tertiary sector contributed the largest share to GSVA at 35.55% in 2016-17, followed by the secondary sector at 55.18%. Tourism is a major contributor to growth in the tertiary sector.
The document provides an overview of Goa, India including its economy, infrastructure status, business opportunities, and state acts/policies. Some key points:
- Goa has a GDP of $9.3 billion in 2015-16 and is one of India's fastest growing states, driven by industries like mining, tourism, and pharmaceuticals.
- Major ports and an international airport help support Goa's strong economic growth and facilitate infrastructure and trade.
- The economy is shifting towards knowledge-based industries and tourism is a large industry, receiving over 500,000 foreign tourists in 2015.
- Opportunities exist in sectors like mining, pharmaceuticals, biotechnology, and IT, supported by a
Goa is one of India's fastest growing states with a GSDP of US$ 9.3 billion in 2015-16. The state's economy is driven by industries like mining, tourism, and pharmaceuticals. The tertiary sector, which includes tourism, contributes the most to Goa's GSDP at 46.64%. Infrastructure has grown significantly, with the Mormugao port reflecting a 41% increase in traffic during 2015-16. Goa aims to further develop knowledge-based industries and preserve its natural beauty while ensuring good governance.
Goa has a well-developed economy driven by industries like mining, tourism, and pharmaceuticals. It has experienced strong economic growth, with GSDP increasing at a CAGR of 16% between 2004-2005 and 2011-2012. Goa also has one of the highest per capita incomes and literacy rates in the country. The state's economy is facilitated by good infrastructure including ports, airports, and roads. Key sectors include mining, tourism, pharmaceuticals, and fisheries.
The document provides an overview of Goa, India including:
- Goa is a major iron ore producer and its iron ore exports have grown significantly. Mormugao Port also reflected remarkable growth.
- Goa has a strong economy and is one of the fastest growing states in India. Its gross state domestic product was $7.24 billion in 2014-15.
- Tourism is also a major industry and in 2015 foreign tourist footfall reached over 541,480.
Punjab is a state in northern India known as the "land of five rivers". The document provides an overview of Punjab's economy and key sectors. It highlights that Punjab has a strong agriculture sector as the largest producer of wheat and rice in India. The industrial sector is also growing, with textiles emerging as a key hub and the state offering various incentives. Punjab has good infrastructure including transportation and aims to further develop renewable energy sources.
Punjab has a strong economy driven by agriculture and textiles. The state's GSDP grew at a CAGR of 10.2% between 2011-12 and 2017-18 reaching Rs. 4.77 trillion, with tertiary sector contributing the most at 46.7%. Punjab is a leader in wheat and rice production in India and has emerged as a key textiles hub, with the sector attracting significant investments. The state focuses on renewable energy and aims to achieve 4,772 MW solar capacity by 2022. With good infrastructure, supportive policies and focus on key sectors, Punjab offers opportunities for economic growth.
Punjab has a strong agricultural base and is one of India's largest producers of wheat and rice. The state is focusing on increasing renewable energy sources such as solar and biomass. Punjab also has well-developed infrastructure and is a major hub for textiles industries like yarn, garments and hosiery due to its textile policies and incentives. The state aims to improve connectivity and develop sectors like automotive and IT by 2022.
Punjab has a strong economy, with its GSDP reaching Rs. 4.77 trillion (US$ 74.09 billion) in 2017-18, growing at a CAGR of 10.2% between 2011-12 and 2017-18. The state's per capita GSDP and NSDP also grew at impressive rates of over 8% during the same period. Punjab has a diverse economy with key sectors including agriculture, textiles, automotive and auto components. The state aims to further diversify its economy and attract investments in sectors such as agro-based industries, IT & ITeS through various incentives and initiatives.
Punjab has emerged as a key textiles hub and agricultural producer in India. The state contributes 2.72% to India's total GDP. Punjab's economy has grown at a CAGR of 9.97% between 2011-12 to 2018-19, with services becoming the largest sector. The state is focusing on renewable energy and attracting investments in sectors like textiles, agriculture, automotive and IT.
Punjab is focused on increasing renewable energy generation and has emerged as a key textiles hub. It has strong agriculture production, particularly of rice, maize, sugarcane and barley. Punjab has the best infrastructure facilities in India, including roads, railways, airports and other connectivity. The state government is promoting industries and improving agriculture through various policies and incentives.
Punjab has emerged as a key textiles hub and has a strong agricultural base as the largest wheat and rice producer in India. The state economy is growing at a compound annual growth rate of 10.2% with services contributing the most at 46.7% of GSDP in 2017-18. Punjab aims to increase focus on renewable energy and attract more investment from agriculture and services.
Maharashtra State : Mumbai Finance Gateway to IndiaJhunjhunwalas
- Maharashtra has a well-developed physical infrastructure including 4,257 km of national highways and over 410,000 km of total roads.
- The state is connected to neighboring states and other parts of India through 18 national highways. A notable highway is the 93 km Mumbai-Pune expressway.
- As of 2011, 97.8% of villages in Maharashtra were connected by all-weather roads.
Haryana is a state in northern India known as the "breadbasket of India" due to its agricultural production. Some key facts about Haryana:
- Agriculture is a major part of the economy, with wheat and rice as the primary crops.
- The service sector contributes over 50% of the state's GDP and has grown at 20.5% between 2004-2005 to 2010-2011.
- Industrial development is encouraged through policies and incentives, and sectors like IT and manufacturing have grown substantially.
Punjab is focusing on renewable energy sources with a target capacity of 5,400 MW by 2022. The state is a textile hub and a major producer of crops like rice, sugarcane, and wheat. Punjab has the best infrastructure in India including roads, railways, airports. The state government is working to improve education, healthcare, transport and encourage investment in industries.
Gujarat has attracted US$ 16 billion in FDI from April 2000 to December 2016, accounting for 4.6% of India's total FDI inflows. The state government held an expo and summit in Rajkot in January 2016 where MoUs worth US$ 341.88 million were signed. Gujarat has a vision to become a globally competitive, knowledge-based and tourist destination by 2020 through developing world-class infrastructure, attracting investments, and improving social amenities and education.
Nagaland has around 600 million metric tonnes of unexploited crude oil reserves and over 20 million tonnes of hydrocarbon reserves. The state also has significant hydropower potential of 1,574 MW, while the current installed capacity is only 53.37 MW. Nagaland's economy is based on agriculture and related sectors such as floriculture, horticulture, bamboo cultivation and sericulture. The state government is promoting the agriculture sector to increase its contribution to the GDP and achieve food security for the population through its Nagaland Vision 2025 plan.
Gujarat has received $16 billion in FDI from 2000-2016, accounting for 4.6% of India's total FDI inflows. A key document summarizing Gujarat's growth, opportunities, and policies across sectors like infrastructure, business, and agriculture. It provides statistics on Gujarat's economy, population, infrastructure development and growth across primary, secondary and tertiary sectors between 2004-05 and 2015-16.
The document provides an overview of the real estate sector in India. Some key points:
- The size of India's real estate market is expected to grow from $126 billion in 2015 to $853 billion by 2028, representing a CAGR of 15.85%.
- Rapid urbanization, growing income levels, and a large young population are driving demand for residential and commercial real estate across major cities.
- The government has introduced initiatives like the Housing for All scheme and increased FDI limits to boost investment and development in the sector.
- Segments like residential, retail, and commercial real estate are expected to see strong growth, with demand for office and retail space centered in cities like Delhi, Bengaluru
Gujarat has experienced strong economic growth, with its GSDP growing at an average annual rate of 12.02% between 2004-05 and 2015-16. The state attracted $13.28 billion in FDI between April 2000 to March 2016, accounting for 4.6% of India's total FDI inflows. Gujarat has a diverse economy with major sectors being petroleum and petrochemicals, pharmaceuticals, cement and ceramics, textiles, and agriculture. The state government is working to further improve infrastructure, attract investment, and develop sectors like renewable energy and tourism.
Goa has a well-developed physical infrastructure. Some key points:
- Goa has 293 km of national highways connecting it to other states.
- The state spent over Rs 120 crore in 2017-18 on upgrading major district roads, rural roads, and central roads.
- Mormugao Port is a major port in Goa handling over 26 million tonnes of cargo annually. The state also has an international airport with connections to domestic and international destinations.
Goa is one of India's major iron ore producers and Mormugao Port reflected remarkable growth. Goa is also a tourist paradise and one of the fastest growing states in India, with its net state domestic product at about US$ 7.24 billion in 2015-16. The document provides an overview of Goa's economy, key sectors, infrastructure status, business opportunities and acts/policies.
Goa had a GSDP of Rs. 645.44 billion (US$ 9.62 billion) in 2016-17, with services contributing the largest share. The state attracted US$ 970 million in FDI between 2000-2018. Tertiary sector growth was driven by tourism, which supported related industries. Goa aims to further develop knowledge-based and tourism industries while preserving its natural beauty under its long-term vision.
The document provides an introduction and overview of the state of Goa, India. It discusses Goa's geography, demographics, economy, infrastructure, business opportunities, and policies. Some key points include:
- Goa has a tropical climate and is known for its beaches and tourism industry. Its economy is driven by mining, tourism, and pharmaceuticals.
- The state has seen high economic growth rates in recent years, with its per capita income among the highest in India.
- Goa offers fiscal incentives for businesses and has developed infrastructure like ports and airports to support industries.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18. The state is the largest producer of rice and second largest producer of potato in India. Kolkata is emerging as a major IT hub with 25 IT parks established or under development. The document provides an overview of West Bengal's economy, key sectors, policies and initiatives to promote economic growth.
West Bengal had a GSDP of US$ 158.40 billion in 2017-18 and grew at a CAGR of 11.88% from 2011-12 to 2017-18, making it one of India's largest state economies. The state is the largest producer of rice and second largest producer of potato in India. Kolkata is emerging as a major IT hub with 25 IT parks established or under development. West Bengal received US$ 5.1 billion in FDI from 2000 to 2018 and has potential to attract over US$ 0.71 billion in investments in logistics by 2020.
Gujarat has achieved strong economic growth and industrial development with its average annual GSDP growth rate from 2011-12 to 2016-17 being about 13.55 per cent. The state attracted FDI inflows of US$ 19.16 billion between April 2000 to June 2018 and as of October 2018, 379 investment intentions worth Rs 63,990 crore (US$ 9.12 billion) were filed in Gujarat. Gujarat is the preferred investment destination and petro capital of India with oil and gas playing a major role in its economy and has successfully developed world class infrastructure including ports, airports, roads and rail networks to facilitate growth.
Gujarat has experienced high economic growth rates in recent years.
- Gross state domestic product (GSDP) grew at a compound annual growth rate of 13.55% from 2011-12 to 2016-17.
- Per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, a compound annual growth rate of 11.99%.
Gujarat has experienced strong economic growth in recent years.
- The state's Gross State Domestic Product grew at a CAGR of 13.47% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- Per capita GSDP increased at a CAGR of 11.99% during the same period, reaching Rs. 178,043 (US$ 2,654) in 2016-17.
- Net State Domestic Product expanded at a CAGR of 13.83% from 2011-12 to 2016-17, amounting to Rs. 10.18 trillion (US$ 151.76
Gujarat has experienced high economic growth rates in recent years. Its Gross State Domestic Product (GSDP) grew at a compound annual growth rate (CAGR) of 13.47% from 2011-12 to 2016-17. The state's per capita GSDP increased from Rs. 101,075 in 2011-12 to Rs. 178,043 in 2016-17, registering a CAGR of 11.99%. Gujarat is one of the most industrially developed states in India and is a leading exporter, accounting for about a quarter of India's total goods exports despite having only 5% of India's population.
Gujarat has experienced strong economic growth, with its GSDP growing at an average annual rate of 11.56% from 2005-06 to 2015-16. The state's per capita GSDP and NSDP have also increased substantially over this period. While the tertiary sector is the largest contributor to GSDP, all three sectors - primary, secondary and tertiary - have experienced robust growth. Agriculture is an important part of the economy, with production of crops like rice, wheat, cotton and groundnuts. The state government is undertaking various initiatives and investments to further promote agriculture and rural development.
Gujarat has achieved a high average annual GSDP growth rate of 13.55% from 2011-2012 to 2016-2017. The state contributed about 5% of India's total FDI inflows between April 2000 to December 2018, amounting to US$ 20.42 billion. Gujarat also attracted investment commitments of over US$ 1.4 billion under its textile policy 2012 for units such as processing, spinning and weaving. The tertiary sector contributed the largest share to the state's GSDP in 2016-2017 at 35.49%, followed by the secondary sector at 44.08% and the primary sector at 20.43%.
West Bengal has a large economy as its GSDP in 2017-18 was US$ 158.40 billion. It is a major producer of rice and potato in India. Kolkata is emerging as an IT hub with 25 IT parks established or being set up. The state aims to increase agriculture productivity, power generation, and improve transportation and social infrastructure by 2022 to further economic development.
Gujarat is one of the most industrially developed states in India. Some key points:
- Gujarat has achieved high economic growth rates, averaging 13.47% annually from 2011-2012 to 2016-2017.
- The state is a major recipient of foreign direct investment (FDI) and accounted for about 7.75% of India's total FDI between April 2000 to December 2017.
- Gujarat has a diverse economy with strong sectors like petrochemicals, automobiles, cement, dairy, pharmaceuticals, textiles and renewable energy. It aims to further develop these industries and tourism through policies like the Gujarat Garment & Apparel policy and Vision 2020
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
Gujarat has achieved strong economic growth with its GSDP increasing at a CAGR of 13.55% from 2011-12 to 2016-17. The state's per capita GSDP increased from Rs. 101,075 in 2011-12 to Rs. 178,043 in 2016-17 at a CAGR of 11.99%. Gujarat has developed as one of the most industrialized states in India, contributing about 25% to India's exports. The secondary sector focusing on manufacturing, construction and utilities has been the fastest growing sector. The state government has implemented various policies to promote sectors like industry, power, ports and agriculture to attract investments.
Gujarat has experienced strong economic growth and has emerged as one of the leading states in India. Some key points:
- Gujarat's GSDP grew at a CAGR of 11.56% between 2005-06 to 2015-16 reaching US$ 158.19 billion in 2015-16.
- The state's per capita GSDP increased from US$ 1,015 in 2005-06 to US$ 2,619 in 2015-16 growing at a CAGR of 9.94%.
- Agriculture and allied sectors, industry and tertiary sectors like trade, hotels, transport and communication contributed 18%, 38.8% and 43.2% respectively to the state's
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Gujarat has experienced strong economic growth in recent years, with its Gross State Domestic Product (GSDP) growing at an average annual rate of 13.55% from 2011-12 to 2016-17. The state's GSDP reached Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17. Gujarat's per capita GSDP also increased substantially during this period, reaching Rs. 178,043 (US$ 2,654) in 2016-17. The state has developed significant infrastructure and offers various incentives to support sectors like industry, power, ports, and agriculture. This economic development has been supported by policies to promote investment, build infrastructure, and develop human capital
- West Bengal is India's 6th largest economy with a GSDP of $140.56 billion in 2015-16 and grew at a CAGR of 10.42% from 2005-16.
- Agriculture is the chief occupation, with rice being the largest crop and West Bengal being the largest rice producer in India.
- Other key sectors include IT, manufacturing such as textiles, and minerals such as coal, with West Bengal being the 3rd largest mining state.
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
India is a major producer and exporter of agricultural products globally. Some key points:
- India ranks among the top producers globally for many agricultural commodities like spices, pulses, milk, tea, cashew and jute.
- Agricultural exports from India have grown significantly at a CAGR of 16.45% from 2010-2018 to reach $38.21 billion in FY2018.
- Major agricultural exports include marine products, basmati rice, buffalo meat, spices, cotton, oil products and sugar. Marine product exports alone were $7.39 billion in FY2018.
- Government schemes aim to boost agricultural exports to $60 billion by 2022 and $100 billion
- India's aviation market is growing rapidly and is projected to become the third largest globally by 2024.
- Air passenger traffic in India reached 308.75 million in FY18 and stood at 316.51 million during April 2018-February 2019. It is projected to reach 421 million by 2020.
- The contribution of travel and tourism to India's GDP increased from $234.03 billion in 2017 to $247.30 billion in 2018 and is forecasted to reach $492.21 billion by 2028, boosted by growth in business and leisure travel.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
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Applying the Global Internal Audit Standards_AIS.pdf
Goa State Report - May 2018
1. For updated information, please visit www.ibef.org May 2018
GOA
AGUADA FORT IN CANDOLIM, GOA
PEARL OF THE ORIENT
2. Table of Content
Executive Summary……………….….…….3
Advantage State…………………..….……..4
Goa Vision 2035…………………….………5
Goa – An Introduction…………….……..….6
Annual Budget 2016-17.…………..............18
Infrastructure Status……………...………... 19
Business Opportunities…………...…………37
Doing Business in Goa…………..………… 52
State Acts & Policies………….….………… 53
3. For updated information, please visit www.ibef.orgGOA3
EXECUTIVE SUMMARY
Goa currently* has a total of 38 operational mining leases with a reported production of 6.08 million tonnes
in 2017-18 (up to December 2017).
Exports of iron ore reached 17.64 million tonnes between September 2015 and November 2017.
Total Iron Ore1 traffic handled at Mormugoa Port, Goa in 2017-18P was 10.26 million tonnes.
India’s major iron ore
producer
During 2016-17, the total traffic handled by Mormugao port was recorded to be 33.18 million tonnes,
registering a growth of 59.70 per cent over the previous year, which is the highest growth rate among 12
major ports of the country. The port handled 26.90 million tonnes of cargo in 2017-18.
The average output per ship berth day was recorded to be 12,042 million tonnes during the same period.
Mormugao Port,
reflected remarkable
growth
Goa is one of the fastest growing states in the country. Goa’s gross state domestic product (GSDP) was Rs
645.44 billion (US$ 9.62 billion) in 2016-17.
Strong economic
growth
Goa is a popular tourist destination due to its natural beauty and bountiful avenues for leisure and relaxation.
During 2017, Goa witnessed arrivals of 6,895,234 domestic tourists and 890,459 foreign tourists.
Tourist paradise
Source: Economic Survey of Goa, Indian ports Association, Goa Tourism Department
Note: * during 2017-18 as per Goa Economic Survey 2017-18, 1 – Includes Pellets, P - Provisional
4. For updated information, please visit www.ibef.orgGOA4
ADVANTAGE GOA
High Economic Growth
The GSDP (in Rs) increased at a compound annual
growth rate (CAGR) of 8.78 per cent between 2011-12
and 2016-17.
The state has one of the highest per capita GSDP in the
country and stands at about US$ 6,345.94 in 2016-17.
Facilitating infrastructure
Goa has a well-developed social, physical and
industrial infrastructure, and virtual connectivity.
It has an international airport that is in line its ambition
to be a globally recognised leisure destination. It also
has significant port infrastructure.
Rich labour pool
Goa’s high rate of literacy has attracted knowledge-
based industries such as pharmaceuticals,
biotechnology and IT.
A large proportion of the population can speak English,
which helps boost the state’s tourism and ITeS
industries.
Strong presence in
mining, tourism and pharmaceuticals
Abundant reserves of iron ore.
Established base for the pharmaceuticals industry and
an emerging destination for knowledge-based
industries such as biotechnology and IT.
High inflow of international tourists driving tourism
revenue.
March 2015
Installed
thermal
power
capacity:
400.02 MW
April
2018
Installed
thermal
power
capacity:
522.45 MW
Advantage
Goa
Source: Economic Survey of Goa, 2014-15, Press Information Bureau GSDP: Gross State Domestic Product
5. For updated information, please visit www.ibef.orgGOA5
GOA VISION 2035
Vision 2035
Value chains to
success
Preserve beauty
and serenity
Knowledge centric
Governance
To depend on natural
resources and related logistic
industries, tourism and related
services, healthcare & pharma
industry, etc.
The state plans to be a
knowledge-centric destination in
the upcoming years.
The state plans to preserve its
natural beauty at all costs
To ensure vibrant future for the
habitats of the state.
The foundation of high
quality governance should
be fairness, accountability
and transparency.
Goa plans to emerge as the
most well-governed state in
India.
Goa’s per capita GDP is
twice that of India and the
state aims to exceed that in
the next 25 years.
In spite of its higher literacy
rate, the state plans to move
one step ahead.
To conserve Goa’s biodiversity,
embrace responsible mining,
develop tourism sites.
Source: Goa Chamber of Commerce and Industry
6. For updated information, please visit www.ibef.orgGOA6
GOA FACT FILE
Source: Census 2011
Goa is located in the western region of India. The state shares its
border with the Arabian Sea to the west, Maharashtra to the north
and Karnataka to the south and the east.
Languages spoken are Konkani, Marathi, Portuguese, Hindi and
English.
Goa’s administrative headquarters are located at Panaji (the state
capital) and Margao. The state has two districts: North Goa and
South Goa.
Goa has a tropical climate, with a monsoons lasting from June to
September. Due to its long coastline, the weather is hot and humid
for the rest of the year.
Parameters Arunachal Pradesh
Capital Panaji
Geographical area (sq km) 3,702
Administrative districts (No) 2
Population density (persons per sq km) 364
Total population (million) 1.46
Male population (million) 0.74
Female population (million) 0.72
Sex ratio (females per 1,000 males) 973
Literacy rate (%) 88.7
7. For updated information, please visit www.ibef.orgGOA7
GOA IN FIGURES … (1/2)
Note: GSDP, per capita GSDP figures are taken at current prices, exchange rate used is average of 2016-17 i.e. 67.09; 1Goa is included in Maharashtra circle
Parameter Goa All states Source
Economy 2016-17 2016-17
GSDP as a percentage of all states’ GSDP 0.42 100.0 MOSPI, Directorate of Economics and Statistics, Goa
GSDP growth rate (in Rs) (%) 18.92 10.8 MOSPI, Directorate of Economics and Statistics, Goa
Per capita GSDP (US$) 6,345.94 1,750.29 MOSPI, Directorate of Economics and Statistics, Goa
Physical Infrastructure 2017-18 2017-18
Installed power capacity (MW) 549.41 343,788.39 Central Electricity Authority, as of April 2018
Wireless subscribers (No)1 93,205,541 1,156,867,852
Telecom Regulatory Authority of India, as of
February 2018
Internet subscribers1 (million) 37.12 445.96
Telecom Regulatory Authority of India, as of
December 2017
National Highway length (km) 293 122,432
NHAI & Roads and Building Department, as of
February 2018
Major and minor ports (No) 1+5 13+187 India Ports Association
Airports (No) 1 125 Airports Authority of India
8. For updated information, please visit www.ibef.orgGOA8
GOA IN FIGURES … (2/2)
Note: PPP: Public Private Partnership, SEZ: Special Economic Zone, 1Only notified and formally approved SEZ
Parameter Goa All states Source
Social Indicators
Literacy rate (%) 88.7 73.0 Census 2011
Birth rate (per 1,000 population) 12.9 20.4 SRS Bulletin, September 2017
Investments
FDI equity inflows (US$ billion) 0.965 367.93
Department of Industrial Policy & Promotion, From
April 2000 to December 2017
Industrial Infrastructure
Completed and Operational PPP projects
(No)
42 9,068
DEA, Ministry of Finance, Government of India,
February 2018
Exporting SEZs (No) 0 222
Ministry of Commerce & Industry, Department of
Commerce, December 2017
9. For updated information, please visit www.ibef.orgGOA9
ECONOMIC SNAPSHOT – GSDP
At current prices, Goa’s gross state domestic product (GSDP) was
Rs 645.44 billion (US$ 9.62 billion) in 2016-17..
The GSDP (in Rs) increased at a compound annual growth rate
(CAGR) of 8.78 per cent between 2011-12 and 2016-17.
Goa’s economic growth is driven by the strong performance of
industrial sectors such as mining, tourism and pharmaceuticals.
Visakhapatnam port traffic (million tonnes)GSDP of Goa at current prices
Source: Directorate of Economics and Statistics Goa
CAGR 8.78%
8.84
7.00
5.94
7.82
8.29
9.62
423.67
381.20
359.21
478.14
542.75
645.44
0
100
200
300
400
500
600
700
0.00
2.00
4.00
6.00
8.00
10.00
12.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ billion Rs billion
Note: exchange rates used are averages of each year, provided on page 55
10. For updated information, please visit www.ibef.orgGOA10
ECONOMIC SNAPSHOT – NSDP
At current prices, Goa’s net state domestic product (NSDP) was Rs
587.71 billion (US$ 8.76 billion) in 2016-17.
The NSDP (in Rs) increased at a compound annual growth rate
(CAGR) of 9.11 per cent between 2011-12 and 2016-17.
Visakhapatnam port traffic (million tonnes)NSDP of Goa at current prices
CAGR 9.11%
7.93
6.35
5.30
7.07
7.52
8.76
380.09
345.67
320.43
432.33
492.22
587.71
0
100
200
300
400
500
600
700
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ billion Rs billion
Source: Directorate of Economics and Statistics Goa
Note: exchange rates used are averages of each year, provided on page 55
11. For updated information, please visit www.ibef.orgGOA11
ECONOMIC SNAPSHOT – PER CAPITA GSDP
The state’s per capita GSDP was Rs 425,749 (US$ 6,345.94) one of
the highest in India, during 2016-17.
Goa’s per capita GSDP (in Rs) increased at a CAGR of 8.04 per cent
between 2011-12 and 2016-17.
Visakhapatnam port traffic (million tonnes)GSDP per capita of Goa at current prices
CAGR 8.04%
Source: Directorate of Economics and Statistics Goa
6,031.12
4,746.39
3,998.23
5,230.20
5,509.23
6,345.94
2,89,192
2,58,441
2,41,893
3,19,827
3,60,634
4,25,749
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ Rs
Note: exchange rates used are averages of each year, provided on page 55
12. For updated information, please visit www.ibef.orgGOA12
ECONOMIC SNAPSHOT – PER CAPITA NSDP
The state’s per capita NSDP was Rs 387,668 (US$ 5,778.33) in
2016-17.
Goa’s per capita NSDP (in Rs) increased at a CAGR of 8.36 per cent
between 2011-12 and 2016-17.
Certain factors, such as substantial foreign exchange earnings from
mining and tourism industries, contributed to the high per capita
NSDP in the state.
Visakhapatnam port traffic (million tonnes)NSDP per capita of Goa at current prices
CAGR 8.36%
Source: Directorate of Economics and Statistics Goa
5,410.72
4,304.02
3,566.55
4,729.11
4,996.32
5,778.33
2,59,444
2,34,354
2,15,776
2,89,185
3,27,059
3,87,668
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
US$ Rs
Note: exchange rates used are averages of each year, provided on page 55
13. For updated information, please visit www.ibef.orgGOA13
ECONOMIC SNAPSHOT – PERCENTAGE
DISTRIBUTION OF GSVA
In 2016-17, the tertiary sectorµ accounted for 35.55 per cent of GSVA
at current prices, secondary sector for 55.18 per cent and the
primary sector contributing a share of 9.26 per cent.
At 11.67 per cent, the secondary sector had the highest growth
among all three sectors between 2011-12 and 2016-17, followed by
the tertiary sector (11.07 per cent).
Growth in the tertiary sector has largely been driven by the tourism
industry, which facilitated growth of other related industries such as
banking and financial services, real estate, and business services.
Visakhapatnam port traffic (million tonnes)GSVA composition by sector
21.52%
9.26%
47.23%
55.18%
31.25% 35.55%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011-12 2016-17
Primary Sector Secondary Sector Tertiary Sector
-8.55%
11.07%
11.67%
CAGR
Source: Directorate of Economics and Statistics Goa
14. For updated information, please visit www.ibef.orgGOA14
ECONOMIC SNAPSHOT – AGRICULTURAL
PRODUCTION
Cashew processing has been a traditional industry in the state.
Cashew apple is also used in the production of feni, a local liquor,
which has become internationally popular. During 2016-17, cashew
nut production in the state was estimated at 30,200 tonnes.
Agriculture in Goa comprises cultivation of crops like paddy, cashew,
coconut and seasonal vegetables and pulses, and provides
livelihood support to nearly 12 per cent of the state’s 1.5 million
population.
Exports of major agricultural products from the state reached US$
9.79 million in 2017-18 (up to February 2018).
Source: Economic Survey of Goa, Ministry of Agriculture, DGCIS
Category
Annual production
2016-17 (in thousand tonnes)
Food-grains 122
Rice 116.07
Cashew 30.2
Arecanut 3
Sugarcane 40.2
Milk 51.36
15. For updated information, please visit www.ibef.orgGOA15
ECONOMIC SNAPSHOT – EXPORTS
Visakhapatnam port traffic (million tonnes)Export of Marine Products (US$ million) Visakhapatnam port traffic (million tonnes)Iron ore exports from Mormugao Port Trust (‘000 tonnes)
50.87
58.23
63.24
78.62
79.47
91.61
95.70
0.00
20.00
40.00
60.00
80.00
100.00
120.00
2011
2012
2013
2014
2015
2016
2017
Source: Ministry of Mines, Mormugao Port Trust Goa, Goa Economic Survey 2017-18
Item
2013-14 2014-15 2015-16 2016-17
TEUS Tonnage TEUS Tonnage TEUS Tonnage TEUS Tonnage
Frozen fish 2,328 32,804 3,064 42,940 2,308 32,271 3,128 44.735
Zinc oxide 96 1,697 138 2,476 19 320 - -
Pig iron 381 10,328 1,228 33,580 641 17,570 472 12,977
Battery plates 17 354 6 126 3 63 3 67
Coke 36 608 77 1,769 13 180 - -
Iron casting 418 6,455 510 7,511 472 7,226 533 7,586
Pharmaceutical
products
325 2,537 750 6,151 636 5,076 555 4,522
Total export 6,445 101,453 8,682 144,423 8,682 108,286 NA NA
Commodity wise container traffic handled at Mormugao port (tonnage in metric tonnes)
Note: Data is as per latest available information, exchange rate used is average of 2017 i.e. 65.12
604
3,570
15,053
10,259
0
5,000
10,000
15,000
20,000
2014-15
2015-16
2016-17
2017-18
16. For updated information, please visit www.ibef.orgGOA16
ECONOMIC SNAPSHOT – GOA EXPORT POTENTIAL
Commodities exported from Mormugao Port
Commodities 2013-14 (in million tonnes) 2014-15 (in million tonnes) 2015-16 (in million tonnes) 2016-17 (in million tonnes)
Iron ore & iron ore pellets 0.04 0.60 3.57 15.05
Other ores 0.16 0.27 0.21 NA
Total ores 0.20 0.87 3.78 14.72
Alumina NA 0.02 0.02 0.05
Steel slabs 0.06 0.06 NA 0.14
Hot rolled coils 1.21 1.63 0.84 1.82
Container cargo 0.12 0.17 0.14 0.17
Granite 0.36 0.30 0.31 0.29
Other cargo 0.28 0.27 0.31 0.14
Wheat 0.04 NA NA NA
Sugar 0.06 0.01 0.01 NA
Total exports 2.33 3.33 5.41 17.33
Source: Mormugao Port Trust, Goa; NA – Not available
Note: Data is as per latest available information, (1) – Includes Pellets .
Iron Ore(1) handled at Mormugoa port for 2017-18 was 10,529 MT.
17. For updated information, please visit www.ibef.orgGOA17
ECONOMIC SNAPSHOT – FDI INFLOWS &
INVESTMENTS
According to the Department of Industrial Policy & Promotion (DIPP), FDI inflows into the state of Goa, during April 2000 to December
2017, was US$ 965 million.
Source: Department of Industrial Policy & Promotion
FDI equity cumulative inflows, 2008-09 to 2017-18 (US$ million)
29
198
500
538
547
564
599
617
700
741
0
100
200
300
400
500
600
700
800
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
1
Note: 1Up to December 2017
Date: Data is as per latest available information
18. For updated information, please visit www.ibef.orgGOA18
ANNUAL BUDGET 2017-18 … (2/2)
Annual budget (estimates in US$ million)
Departments Budget allocations (2017-18)
Education 293.55
Public works 318.08
Water resources 62.26
Mining 3.53
Agriculture 28.31
Social welfare 51.94
Health Services 80.88
Tourism 34.06
Panchayats 29.61
Sports & youth affairs 43.92
Transport 27.81
Department of Rural Development 7.86
Municipal Administration 65.69
Source: State Budget 2018-19, Government of Goa
US$ 377.66 million has been allocated to education sector
including medical education in the state budget 2018-19.
Increase in PWD budget allocation of US$ 282.61 million.
The Gross Budget presented for 2018-19 is US$ 2.64 billion as
against US$ 2.48 billion in 2017-18, an increase of 6.84 per cent
over the previous year. In the budget 2018-19 government has put
stress on generating employment, thus US$ 84.78 million has been
allocated under the heads of industry, labour and employment and
information and technology.
A supplementary statement for 2018-19 budget would be
presented before the end of 2018-19, as per Mr Manohar Parrikar,
Chief Minister of Goa.
19. For updated information, please visit www.ibef.orgGOA19
PHYSICAL INFRASTRUCTURE – ROADS
NH-17 runs along India's West Coast & links Goa to Mumbai in the
north & Mangalore to the south. NH-4A running across the state
connects Panaji to Belgaum (Karnataka) in the east. As of February
2018, Goa had 293 km of national highways.
The state had a road density of 68.7 km per 1,000 sq. km of area, as
of December 2016.
As per state’s Economic Survey, following road works were under
taken in the state during 2017-18:
• Major district road works were completed with a cost of Rs 12.78
crore (US$ 1.98 million).
• Rural road works were completed with a cost of Rs 68.21 crore
(US$ 10.58 million).
• Central road works were completed with a cost of Rs 39.17 crore
(US$ 6.10 million).
Road type Road length (km)
National highways (As of February 2018) 293
State highways 232
District highways 815
Source: Directorate of Transport PWD: Public Works Department, State Budget 2017-18
Note: Data is as per latest available information, exchange rate used is average of 2017-18 i.e. 64.45
20. For updated information, please visit www.ibef.orgGOA20
The total railway route in Goa is around 167 km long, comprising two
rail tracks: the Konkan Railways line & the South-Western Railways
line. These routes connect the state to other parts of the country.
The Konkan Railways line runs from the north to the south and the
South-Western Railways line runs from west to east. The rail tracks
cross at the most important junction of the state, the Madgaon railway
station; Vasco-da-Gama is the other important railway station.
Konkan Railways, which connects Mumbai, Goa & Mangalore, has
considerably boosted tourism. The Mormugao port is connected through
a broad gauge line.
The government has pulled off a new double-decker luxury train service
on Konkan Railways route that commutes tourists from Mumbai to Goa.
The Government of India introduced a Double Decker Express train on
December 6, 2015 to improve connectivity between Goa & Mumbai.
An amount of US$ 14.87 million has been allocated under 2017-18
budget towards Konkan Railways. 4 railway overbridges are to be built
in Goa with financial support from the Rail Ministry.
On May 22, 2017, state-of-the-art, high-speed, 15 coach train Tejas
Express, with a speed of 200 km/hour, made its debut. The train would
run between Mumbai to North Goa, covering a distance of 579 km in
8.5 hours. The train has 2 classes — executive chair car & chair car,
and is equipped with facilities like automatic doors, secured gangways,
Wi-Fi, LCD screens, magazines, tea-coffee vending machines, bio-
toilets, etc.
Source: Maps of India
PHYSICAL INFRASTRUCTURE – RAILWAYS
21. For updated information, please visit www.ibef.orgGOA21
Goa has one airport at Dabolim, which functions as a domestic as
well as an international airport. The state is connected to most
Indian cities by air.
The state ranks among the top 10 in all-India air traffic, most of
which is tourism related.
The state has good connectivity in terms of international flights,
including chartered flights from European countries.
The state introduced a new terminal in February 2014 at Dabolim.
As per state budget 2016-17, for the establishment of an
international airport at Mopa in Taluka Pernem, on PPP basis, the
Government of Goa has already issued proposals to shortlisted
builders. The state has acquired 7.4 million sq. metres of land for
the airport. The airport is being designed to handle 4 million
passengers, in addition to the 4 million capacity at Dabolim, to
create a total capacity of 8 million by 2018. The project will be
developed by GMR Airports Ltd. The 1st phase of the airport is
expected to be commissioned during financial year 2019-20.
Moreover, for the development of the civil aviation sector in the
state, an allocation of US$ 22.33 million has been proposed by the
state government.
As per Budget 2017-18, Dabolim airport will be upgraded on a time-
to-time basis even after the completion of Greenfield Mopa
international airport. In January 2018, the state government
appointed consultants to monitor the construction of the airport.
PHYSICAL INFRASTRUCTURE – AIRPORTS … (1/2)
Source: Airports Authority of India, Department of Tourism, Government of Goa Economic Survey of Goa, Goa Investment Policy 2014
22. For updated information, please visit www.ibef.orgGOA22
PHYSICAL INFRASTRUCTURE – AIRPORTS … (2/2)
Goa passenger traffic (million) Goa aircraft movement (Nos.)
Source: Airports Authority of India
Freight handled by Goa airport (million tonnes)
2013-14 2014-15 2015-16 2016-17 2017-18
4,767 4,498 4,880 4,103 4,372
24,326
24,018
27,430
26,804
28,904
33,422
39,030
47,801
50,567
0
10,000
20,000
30,000
40,000
50,000
60,000
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2.63
3.08
3.52
3.54
3.89
4.51
5.37
6.86
7.61
0
1
2
3
4
5
6
7
8
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
Passenger footfalls at the Goa airport during 2017-18 reached 7,607,249
with aircraft movement reaching 50,567 flights.
Freight handled at Goa airport during 2017-18 was 4,372 MT.
23. For updated information, please visit www.ibef.orgGOA23
PHYSICAL INFRASTRUCTURE – PORTS
Goa has 255 km of rivers & canals, providing an economical mode
for goods transport. As of March 2016, the total capacity at
Mormugao port stood at 48.79 million MT. A total of 5.03 MT of
capacity was added during period 2015-16. The port had a capacity
of 50.04 million MT during 2016-17.
During 2017-18, cargo traffic handled at the port was recorded to be
26.90 million tonnes.
The River Navigation Department was established to provide safe,
dependable & affordable transport facilities on different ferry routes
of Goa’s inland waters.
The Mormugao harbour, a multi-purpose general cargo berth
situated in the port town of Vasco-da-Gama, handles local &
international maritime cargo traffic.
State-of-the-art patrol vessel ICGS Shaunak, the largest & most
advanced new generation OPV was added to Coast Guard fleet in
February 2017.
Major ports Mormugao
Minor ports
Panaji
Chapora
Betul
Talpona
Tiracol
Commodity-wise Traffic Handled at Mormugao Port during
2017-18P
Commodity Quantity (metric tonnes)
POL (Petroleum, Oil & Lubricants) 629,000
Other Liquids 572,000
Iron ore 10,259,000
Thermal & Steam 1,999,000
Coking & others 8,514,000
Container tonnage 425,000
Container TEUs 32,000
Other Misc. Cargo 4,317,000
Source: Ministry of Shipping, Government of India, Indian Ports Association, Mormugao Port Trust
Ports
Note: P – Provisional
24. For updated information, please visit www.ibef.orgGOA24
PHYSICAL INFRASTRUCTURE – POWER
As of April 2018, Goa had a total installed power generation capacity
of 549.41 MW.
Of the total installed capacity, 500.45 MW was managed by central
utilities, 48.91 MW by private utilities and 0.05 MW by state utilities..
Thermal power plants accounted for a significant share in the total
installed capacity with 522.45 MW, whereas nuclear energy and
renewable energy contributed 26 MW and 0.96 MW respectively.
Goa is one of the few states in India to achieve 100 per cent rural
electrification.
The state generates power from its 48 MW naphtha-based plant of
Reliance Infrastructure Limited and it depends, largely, on the power
allocated from the central generating stations.
The industrial sector is the largest consumer of electricity, followed
by the domestic sector. Goa Electricity Department controls power
infrastructure in the state.
The project for laying a gas pipeline by GAIL from Gokak to Goa for
gas transportation to Goa has been completed.
Visakhapatnam port traffic (million tonnes)Installed power capacity (MW)
Source: Central Electricity Authority, State Budget 2016-17 Economic Survey of Goa, 2014-15
357.20
380.90
386.90
400.20
430.02
400.02
400.02
412.45
540.56
549.41
549.41
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19*
Note: * - 2018-19 (Up tp April)
25. For updated information, please visit www.ibef.orgGOA25
PHYSICAL INFRASTRUCTURE – TELECOM
Goa is among the few states in the country to have 100 per cent
automatic telephone systems with a good network of telephone
exchanges.
Goa has a fibre-optic cable network spread through the state; it
provides high-speed access for a wide range of internet-related
services. All the gram panchayats in the state of Goa are connected
with optical fiber.
In Goa, all the Gram Panchayats are already connected with optical
fibre cable.
Moreover, the tele-density in the state stood at 107.26 per cent1, as
of February 2018.
In December 2016, the Government of Goa announced the launch of
Goa Yuva Sanchar Yojna, under which the state would be providing
100 minutes of free talk time and 3 GB of internet data every month,
free with a new SIM card.
Source: Economic Survey of Goa, Telecom Regulatory Authority of India
Wireless subscribers(1) 93,205,541
Wireline subscribers(1) 17,45,562
Internet subscribers (million)(1)(2) 37.12
Tele-density(1) 107.26
Telecom infrastructure – February 2018
Some of the major telecom service providers
Bharat Sanchar Nigam Limited (BSNL)
Tata Indicom
Bharti Airtel
Aircel Limited
Reliance Communications
Note: 1Denotes Maharashtra including Goa, 2As of December 2017
26. For updated information, please visit www.ibef.orgGOA26
DEVELOPMENT PROJECTS: URBAN
INFRASTRUCTURE
Panaji is one of the 65 cities identified under the Jawaharlal Nehru
National Urban Renewal Mission (JNNURM).
Under JNNURM, two projects costing around US$ 15.6 million have
been sanctioned for Panaji. Areas of development under these projects
are heritage conservation and water supply for Panaji and surrounding
areas under the jurisdiction of the corporation of the city of Panaji, Goa.
As per the state budget 2017-18, the state government has planned
construction of second integrated Municipal Waste Treatment Plant
along with transfer station at Cacora in South Goa on Designed Built
Finance Operate & Transfer (DBFOT) basis.
As per budget 2017-18, US$ 81.81 million would be allocated for Panaji
under the Smart City mission, 5 major cities to be connected with tourist
places with frequent plying of KTC with a budget of US$22.31 million. All
street lights would be converted to LED lights by December 2017, a 2nd
solid waste treatment plant to be built at Cacora in South Goa, an
amount of US$ 17.25 million has been allocated for garbage
management.
National Urban Information System was introduced by Ministry of
Urban Development in March 2006. The purpose of this scheme is to
develop the geographic information system database for 152
towns/cities in the country. In Goa, 5 towns/cities are covered under
this scheme.
In April 2017, six rivers of Goa – Mandovi, Zuari, Chapora, Sal,
Mapusa and Chumbharjua were notified by the Union Government
as national waterways under the National Waterways Act, 2016.
Source: JNNURM, Ministry of Urban Development, Public Works Department of Goa SJSRY – Swarna Jayanti Shahari Rozgar Yojana NULM – National Urban Livelihoods Mission
Funds allocated to Goa under SJSRY and NULM (US$ million)
0.23
0.37
0.14
0.51
0.13
0.2
0
0.1
0.2
0.3
0.4
0.5
0.6
2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Water supply
Water supply in Goa’s urban and rural areas is 143 and 82 litres per
capita per day (LPCD), respectively.
Goa’s water tariffs are among the cheapest in the country.
The state has proposed an investment outlay of US$ 160.1 million for
water supply and sanitation projects in its 12th Five-Year Plan (2012-17).
27. For updated information, please visit www.ibef.orgGOA27
DEVELOPMENT PROJECTS: PUBLIC PRIVATE
PARTNERSHIP (PPP) PROJECTS
PPP Projects - Goa
Project Name Sector Status Total cost (US$ million)
100 TPD solid waste management
facility unit at Calangute
Water sanitation Operation and Maintenance Stage 22.65
Implementation of municipal solid waste
treatment plant at Bardez in North Goa
Water sanitation Operation and maintenance stage 23.10
Development of Berth No. 7 Transport Operation and maintenance stage 33.60
Construction of Berth 5A; 6A at
Mormugao in South Goa
Transport Operation and maintenance stage 34.15
Bulk cargo berths No. 5A & 6A Transport Operation and maintenance stage 37.42
Re-development of berth 8, 9 and Barge
berth with a capacity of 19.2 MMTPA at
Marmugao port
Transport Under Construction 188.14
Setting up of 10 TPD solid waste
management unit at Pernem
Water sanitation Under Construction 2.33
International Airport (Mopa) Project Transport Pre-construction Stage 465.64
As of November 2017, Goa had 9 PPP projects, of which one project is in pre-construction stage, three projects are under construction and five
projects are in operation and maintenance stage.
28. For updated information, please visit www.ibef.orgGOA28
DEVELOPMENT PROJECTS: SEZ AND INDUSTRIAL
ESTATES … (1/3)
As of December 2017, Goa had seven formally approved and three
notified special economic zones (SEZs). However, there are no
operational SEZs in the state and no in-principle approved SEZ.
On completion, the SEZs would primarily cover knowledge-based
industries such as biotechnology and IT/ITeS. The Goa Industrial
Development Corporation (Goa-IDC) assists in establishing
industries in specific industrial areas and estates. Goa-IDC has
established 20 industrial estates in various talukas of Goa. It plans to
expand eight of these existing units and establish another five
industrial estates.
The Government is committed to make Goa an aspirational
investment destination for best-in-class manufacturing, tourism,
entertainment and other service industries, including research and
knowledge-based industries. Accordingly, the Government has set
an ambitious target of creating 50,000 jobs by 2019, facilitating new
investments of around US$ 4.2 billion in the state during 2014-19.
29%
29%
14%
14%
14%
IT/ITES
Biotech
IT
Pharmaceuticals
Gems and Jewellery
Sector-wise formally approved SEZs in Goa, December
Sector-wise formally approved SEZs in Goa, December 2017
Sector Developer Number of SEZs
IT/ITeS K. Raheja Corp Pvt. Ltd. 1
Biotechnology
Peninsula Pharma Research
Centre Pvt Ltd
1
Pharmaceuticals Meditab Specialities Pvt Ltd 1
IT/ITeS
Paradigm Logistics and
Distribution Pvt Ltd
1
Gems and
Jewellery
Planet Mercantile Company 1
Biotechnology Inox Mercantile company 1
IT Panchbhoomi Infrastructure 1
Source: Ministry of Commerce & Industry, Department of Commerce, Goa Industrial Development Corporation, Economic Survey of Goa
29. For updated information, please visit www.ibef.orgGOA29
DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL
ESTATES … (2/3)
Source: Ministry of Commerce & Industry, Department of Commerce
Name of the developer Location Type Area (hectares)
Meditab Specialities Private Limited Bhut Kham, Kerim Industrial Estate, Taluka Ponda, Goa Pharmaceuticals 123.20
Paradigm Logistics and Distribution Private
Limited
Phase IV - Verna Industrial Estate, Goa. IT/ITeS 40.25
K. Raheja Corp Pvt. Ltd. Verna Industrial Area, Goa IT/ITeS 105.91
Peninsula Pharma Research Centre Pvt. Ltd. Sancoale Tal- Mormugao, Goa Biotech 20.365
Planetview Mercantile Company Limited Verna, Goa Gems and jewellery 13.28
Inox Mercantile Company Private Limited Verna, Goa Biotech 48.48
Panchbhoomi Infrastructure Private Limited
Survey No. 260, Village Socorro, Bardez Taluka, North
Goa District, Goa
IT 18.5
Formal approvals granted in the Board of Approvals after coming into force of SEZ Rules
30. For updated information, please visit www.ibef.orgGOA30
DEVELOPMENT PROJECTS: SEZS AND INDUSTRIAL
ESTATES … (3/3)
Source: Goa Industrial Development Corporation
Taluka Industrial estate
Ponda Bethora, Madkai, Kundai, Shiroda
Pernem Tuem
Bardez Colvale, Mapusa, Pilerne, Tivim
Bicholim Bicholim
Sattari Honda and Pissurlem
Tiswadi Corlim
Salcete Verna, Margao and Cuncolim
Mormugao Sancoale
Quepem Kakoda
Sanguem Sanguem
Canacona Canacona
31. For updated information, please visit www.ibef.orgGOA31
SOCIAL INFRASTRUCTURE – EDUCATION … (1/2)
The state has a literacy rate of 88.7 per ent according to the data of
Census 2011; the male literacy rate is 92.65 per cent & the female
literacy rate is 84.66 per cent.
During 2017-18, the total enrolments in schools were recorded to be
239,834.
As per State Budget 2018-19, Goa Government has allocated Rs.
18.91 billion (US$ 293.55 million) to the Education sector.
As per state budget 2017-18, the Government of Goa has proposed
to allocate US$ 6.24 million as financial assistance for Goa
University,
Goa is planning to set up an Indian Institute of Science, Education
and Research, an Indian Institute of Technology (IIT) and an Indian
Institute of Management (IIM) by 2035; to become a leading
educational hub in the country.
Vasco, Margao & Panaji are proposed to be developed as a smart
cities in the state.
In Budget 2017-18 the state government allocated US$ 0.89 million
additional grants for primary schools, that impart education in Marathi
& Konkani, 15 additional supervisors & 50 counsellors in all schools
& higher secondary’s to be recruited, 11th standard students to be
given laptops with a budget of US$ 7.44 million, transport facility for
students, integrated educational complexes at Mapusa & Margao to
be developed.
Total 88.70
Male 92.65
Female 84.66
Literacy rate (%)
Some of the higher education institutions
Shree Rayeshwar Institute of Engineering and Information
Technology
Padre Conceicao College of Engineering
National Institute of Oceanography
Parvatibai Chowgule College of Arts & Science
Don Bosco College
St. Xavier’s College
BITS Pilani Goa campus
Source: Educational Statistics at a Glance 2017-18, Government of Goa
32. For updated information, please visit www.ibef.orgGOA32
SOCIAL INFRASTRUCTURE – EDUCATION … (2/2)
Goa has a number of leading engineering, business management,
medical and legal institutes.
The Maritime School, under the Captain of Ports Department,
Government of Goa, is among the first of its kind in the country.
As per the state budget 2016-17, under Goa Scholarship Scheme,
the state government proposed to add ten more scholarships for
students by providing a unique 2 year funding window from the date
of their selection.
The state government is planning to set up its 2nd medical college in
an under-construction district hospital at Margao.
Goa College of Pharmacy, set up in 1842, is one of the oldest
institutes in India. It offers bachelor’s, master’s & diploma courses in
pharmacy. The institute has 60 seats for bachelor's degree, 60 seats
for diploma & 36 seats for master’s degree in various fields of
pharmacy.
As per state budget 2017-18, the Government of Goa has proposed
to implement a new programme in the state for providing yoga
training as well as value education to the students of 350 primary
schools through Education Development Corporation of Goa.
Source: Educational Statistics at a Glance 2017-18, Government of Goa, 12014-15
Primary schools 1,157
Middle schools 64
Secondary schools 408
Higher secondary schools 200
Primary level and Middle level
teacher – pupil ratio
1:24
Secondary level and Higher
secondary level teacher – pupil
ratio
1:21
Vocational and professional
institutes
30
1
Teachers training institutes 5
1
Universities & colleges for general
education
25
1
Universities & colleges for
professional education
27
1
Industrial Training Institutes (ITIs) 14
1
Educational Statistics, 2016-17
33. For updated information, please visit www.ibef.orgGOA33
SOCIAL INFRASTRUCTURE – HEALTH
Some of the renowned hospitals in the state include Apollo Victor
Hospital in Margao, Manipal Hospital in Panaji & Vrundavan Shalby
Hospital in Mapusa.
As of May 2018, the number of primary health centres & sub centres
in Goa were recorded to be 48 and 218, respectively.
Further, the state government has also made a provision of US$ 2.43
million for buildings, US$ 0.18 million for books & periodicals & US$
0.70 million for various equipment for Goa Medical College.
A provision of US$ 0.12 million has also been made for supplies and
materials & US$ 3.10 million is allocated for the completion of the
2nd phase of the building of Goa Dental College.
In the Budget 2017-18 an amount of US$ 22.31 million has been set
aside to set up a burns unit in Goa Medical College (GMC).
Primary health centres will be upgraded with more beds & the New
South Goa District hospital to be ready for public use in 2018.
The state government announced ban on use of plastic bags
effective from July 2017. Manufacturing, selling and carrying plastic
bags would lead to imposition of a fine of up to US$ 74.37.
Source: Goa Economy in Figures - 2015, Economic Survey of Goa, 2014-15 1Per thousand persons, 2Per thousand live births PHC# -Primary Health Centre, State Budget 2016-17, 2017-18
2018-19
Primary health centres 48
Sub centers 218
Community health centres 10
Active district hospitals 3
Active sub-district hospitals 2
Health infrastructure (as of May 2018)
Birth rate
1
12.9
Death rate
1
6.7
Infant mortality rate
2
8
Health indicators (September 2017)
As per Budget 2018-19, State Government has allocated Rs.
521.27 crore (US$ 80.88 million) to the Health Services
sector.
34. For updated information, please visit www.ibef.orgGOA34
CULTURAL INFRASTRUCTURE
There are several sports complexes in Panaji, Margao, Ponda & other cities. Football is the major sporting activity; cricket is also growing in
popularity. The state is home to the Goa Football Association & many renowned clubs like Sporting Clube de Goa & the Vasco Sports Club.
Goa has a number of churches, chapels & convents of unmatched architectural beauty; most of these were built during the Portuguese rule. Some
of the famous churches include Church of St. Francis of Assisi, Basilica of Bom Jesus (mortal remains of St. Francis Xavier enshrined), Lady
Rosary and St. Augustine.
The 5th Youth Delphic Games 2016 was hosted in Goa from February 1-14, 2016. The game combined 6 art categories & over 70 sub-categories,
with many artistic events and activities. The age limit for participating in these games was between 15 to 25 years.
The key hotels in Goa include Leela Kempinski, at Cavelossim, Taj Fort Aguada at Bardez, Park Hyatt at Cansaulim & the Intercontinental at
Canacona. The Panjim Inn, Cidade-de-Goa & Majorda Beach Resort are well-known hotels in Margao.
Goa is popular for traditional forms of performance arts like Natak, Tiatr & Zagor as well as modern art forms like Goan trance.
Directorate of Sports & Youth Affairs of Goa has launched the Vision 2020 programme in an effort to encourage sports & produce Olympic players
from the state.
Department of Art & Culture organizes ‘Lokotsav’, to promote handicrafts & folk forms. The 18th Lokotsav festival was organized in January 2016.
Construction of Konkani Bhavan under Konkani Academy is proposed under state budget 2017-18.
In December 2016, Goa hosted a new music festival “Wonderwall”, which was curated by the Indian DJ Nikhil Chinappa.
At the Goa carnival, the Indian Navy float showcased the profile of naval branch of the Indian armed forces, which provides coastal security &
carries out anti-piracy operations.
Goan film industry announced plans to collaborate with Jharkhand for making films. Under the central government 'Ek Bharat Shreshtha Bharat’
programme, the government of both the states organized a festival at ‘’Inox Courtyard’’ at Panaji on May 27 2017.
35. For updated information, please visit www.ibef.orgGOA35
INDUSTRIAL INFRASTRUCTURE
Industry clusters Industries
Verna Rubber, plastics, petroleum products, pharmaceuticals, electronics and telecommunication equipment.
Bicholim Engineering, oil products, plastics, leather, textiles, food processing, soaps and agro products.
Kundaim Rubber, plastics, petroleum products, pharmaceuticals, steel fabrications and aluminum furniture.
Margao Printing, plastics, herbal hair oils, cosmetics, ice blocks, engineering items and industrial diamond tools.
Mormugao Shipbuilding and repair.
Corlim
Metal works, engineering, cold storage, food processing, electronic products, paper products, chemicals, paints
and varnishes.
Vasco Shipbuilding and repair.
Goa Industrial Development Corporation (Goa-IDC) is the nodal agency established for setting up of industrial estates & offering developed plots
to industrial units in the state.
Goa-IDC has established 20 industrial estates, spread across the state’s talukas & is currently working on the expansion of existing industrial
estates as well as establishing new ones.
7 ITIs (industrial training institutes) in the state of Goa are covered under the World Bank Assisted Vocational Training Improvement Project
(VTIP) while 1 ITI in the state has been taken up by the central government for upgradation through public private partnership.
Source: Goa Industrial Development Corporation
36. For updated information, please visit www.ibef.orgGOA36
SMART CITY & AMRUT
Panaji city is one of the 13 shortlisted cities in Fast Track Mode of City Challenge under Smart Cities Mission of the Ministry of Urban
Development, Government of India. Through participation in this challenge, Panaji aims to fast track the achievement of a world- class city while
retaining its heritage and cultural values. In order to convert Goa into a smart state, the CCP (Corporation of the City of Panaji) has set forth sub
goals to create an enabling environment to preserve local heritage and to promote cultural tourism, to increase engagement of citizens to improve
quality of life, to transform the city into a biodiverse and a sustainable city, to redesign Panaji as an inclusive ecomobile city and to enhance
resource efficiency to attain a landfill- free city.
The winning area based strategies proposed by Panaji include Retrofitting of Open Spaces Management, of Lake, River Precinct and sea shore
protection, of Heritage areas, of Flood Management and unique projects such as building incubation centers and GIS based property and land
management system.
As per the Smart City Proposal, the list of projects in Panaji include:
• Area Based Development: Service improvement for urban poor in Mala Fontainhas area, Integrated Urban Water Management, Church
Square Revitalization, Provision of basic services in entire area (2 sq km), etc
• Smart Transportation and Eco Mobility: Digital Enabled System for Public Bike Share System, Air Quality monitoring stations, Smart Parking,
Smart Component for buses (GPS, automated fare collection etc.), etc
• Smart Environmental Services: Trolley Bins with RFID tags, Biometric Attendance in 12 Zonal Offices, CCTV Surveillance of black spots, etc
Under AMRUT (Atal Mission for Rejuvenation & Urban Transformation) scheme by the Government of India, the city of Panaji has been selected
from the state of Goa. The main aim of the scheme is to promote use of public & non-motorised transport, & provide each household with tap
connections as well as enhance & develop greenery across these local bodies during 2015-16 to 2019-20.
Source: Census Organization of India, Smart Cities Mission, Corporation of the City of Panaji, AMRUT
37. For updated information, please visit www.ibef.orgGOA37
KEY INDUSTRIES … (1/2)
Apart from having an established iron ore mining industry, Goa has emerged as a manufacturing base for several leading companies in areas
such as fertilisers, tyres & tubes, cement, electrical machinery, fish-net making machines, automatic washing machines, printed circuit boards,
pharmaceuticals & pharmaceutical machinery.
Mining (iron ore and manganese), pharmaceuticals, iron & steel industries are located in North Goa, while mining & shipbuilding industries are
present in South Goa.
Tourism is the largest segment in the services sector; the Goa Tourism Development Corporation (GTDC) is responsible for promoting tourism in
the state.
The state is in the process of developing the logistics sector in Goa by forming a special logistics group and constructing several bridges to
address the existing deficiencies with regard to logistics and warehousing.
As per the state budget 2016-17, the state government proposed to take up the establishment work of a state-of-the-art festival venue as well as
an IFFI Secretariat in the state on PPP basis. For the same purpose, an allocation of US$ 152.8 thousand has been made by Government of Goa.
A dedicated task force is being set up to implement the project on fast track basis, as per Budget 2017-18.
Source: Economic Survey of Goa, 2014-15, State Budget 2016-17
Key industries In Goa
Tourism
Food processing
IT/ITeS
Biotechnology
Mining
Pharmaceuticals
Fishing
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KEY INDUSTRIES – MAJOR CLUSTERS … (2/2)
The cluster is run by the Goa Pharmaceutical Manufacturers’ Association (GPMA) and accounts for around
12 per cent of the country’s medicine production.
Principal products manufactured are tablets, capsules, ointments, liquid orals & injectibles.
The cluster has an annual growth rate of 18-20 per cent; and, currently, 40 units are functioning under the
cluster.
Pharmaceutical cluster
The cluster is run by Goa Cashew Entrepreneurs’ Welfare Society with 300 functional units.
Cashew karnel is the major product manufactured.
Fixed investment of US$ 5.2 million has been made.
Export of cashew karnels has increased from 532 metric tonnes in 2012-13 to 775 metric tonnes in 2015-16.
Cashew cluster
Source: Ministry of MSME, Government of India, Brief industrial profile of South Goa district
39. For updated information, please visit www.ibef.orgGOA39
KEY INDUSTRIES – IT/ITeS … (1/3)
Despite being a small state and a late starter in the IT industry, Goa is ideally placed to
capitalise on the opportunities available in the sector.
Goa is one of the most literate states in India, with a literacy rate of over 88.7 per cent;
most Goans are conversant with the English language, which is the lingua franca for
the IT industry.
As per Goa Economic Survey 2017-18, Government of India has approved setting up
of electronic city at Tuem village and a IT hub at Chimbel Village.
The state is close to several business centres, such as Mumbai, Pune and Bangalore,
of the country that provide growth opportunities. Goa University offers a postgraduate
course in computer sciences, and there are over 250 other institutes imparting IT
training and education.
Under the Budget 2017-18, work for setting up a new IT park in Chimbel is targeted for
completion on priority and the development of electronic city at Tuem has been
approved.
In April 2017, the state government announced an IT fund worth US$ 25.13 million, out
of which US$ 2.23 million is to be used for boosting the startup sector in the state. The
government has also proposed a startup promotion board, and US$ 74,371.56 to
encourage incubation centres across the state.
Source: The Directorate of Industries, Trade and Commerce, Government of Goa
Some of the key players
Smartlink Network Systems Ltd
Zenith Computer Pvt Ltd
PCS Technology Ltd
Crompton Greaves
Rajiv Gandhi IT habitat, Dona-Paula
Situated seven kilometres away from the state
capital of Panaji.
Developed on an area of around 95 acres with
the aim to attract IT/ITeS/BPO/KPO industries.
IT habitat is expected to attract investments to
the tune of US$ 147–184 million.
Government aims to create employment for
10,000–12,000 persons through this park.
40. For updated information, please visit www.ibef.orgGOA40
KEY INDUSTRIES – IT/ITeS … (2/3)
Formerly D-Link (India) Private Limited, Smartlink Network Systems Ltd is one of India’s leading networking
companies, offering an integrated value proposition that includes design and development, manufacturing, sales &
marketing and service & support. It was established in 1993.
The company has certified state-of-the-art manufacturing plants as well as a software and Research &
Development (R&D) centre at Verna, Goa. It has 17 offices in the country.
Established in 1980, the company is one of the largest personal computer companies in India. It employs around
800 professionals and has 15 branches across the country, with a 60,000 sq ft of production facility in Sancoale
Industrial Estate, Zuari Nagar.
PCS is an Indian technology company headquartered in Mumbai. The company focuses on facilities management
services, software services as well as computer hardware.
PCS has a manufacturing facility in Goa, where it produces desktop computers, notebook computers and servers.
It has a production capacity of 7,000 to 8,000 desktop computers per month.
Smartlink Network
Systems Ltd
Zenith Computer Pvt
Ltd
PCS Technology Ltd
41. For updated information, please visit www.ibef.orgGOA41
KEY INDUSTRIES – IT/ITeS … (3/3)
Vedanta Limited, formerly known as Sesa Sterlite, is a well-known mining company in India. It is the flagship company of the
Vedanta Group and is India's largest iron ore exporter in the private sector. The Sesa Group of companies have been involved in iron
ore mining for over five decades. Over the last two decades, the company has diversified into manufacturing of pig iron and
metallurgical coke. As of March 2013, Sesa Goa has the rights to exploration & production of an estimated 433 million tonnes of iron
ore. In 2012-13 and 2013-14, the company produced 3.7 million tonnes and 1.5 million tonnes of iron ore, respectively. Apart from
Goa, it has mining operations in Karnataka.Vedanta Limited
The company was founded in 1952 as a mining and export company. It is one of the leading suppliers of processed iron ore to
large steel makers such as POSCO and Nippon Steel Corporation (NSC). The company has its corporate office at Vasco-de-
Gama and mining facilities in four different locations in Goa. It has diversified into the hospitality, shipping, real estate and
education sectors. Over 10 million tonnes of material is handled at the mines every year during iron ore extraction.
V.M. Salgaocar & Bro
Pvt Ltd
The Dempo Group is one of the state’s leading mining and export companies. It has two subsidiaries for the mining business,
i.e., Dempo Mining Corporation Private Limited and V S Dempo Corporation Private Limited. The company’s key products are
iron ore fines, calibrated iron ore lumps and low-phosphate magnetite concentrates. Dempo has 19 mining leases in Goa,
which are spread across 1,800 hectares.
The Dempo Group
Chowgule Mining Division is a part of the Chowgule Group. The company has mines and three beneficiation plants in Goa (at
Pale, Tudou and Costi). Chowgule’s run-of-mine ore production exceeds five million tonnes per annum, and its beneficiation
plants produce over 3.5 million tonnes of iron ore and pellets every year.
V.S. Chowgule and
Company Ltd
42. For updated information, please visit www.ibef.orgGOA42
KEY INDUSTRIES – MINING
The mining belt of Goa covers an area of approximately 700 sq km &
is mostly concentrated in the 4 talukas of Bicholim, Salcete,
Sanguem & Quepem.
The iron ore in Goa is export oriented with average annual export
from Goa at around 30 million tonnes.
Most mines in Goa are of open-cast type, which necessitates the
removal of over burden overlying the iron ore formations. During
2015-16, the state government created a separate District Mineral
Foundation under the MMDR Act, 1957, as per which the state’s
mining firms need to deposit an additional amount of 30 per cent of
the royalty paid to this fund.
Under State Budget 2018-19, Rs. 22.77 crore (US$ 3.53 million) was
allocated to the mining sector.
Source: Ministry of Mines, Government of India
Mineral Reserves (In ‘000 tonnes)
Iron ore-hematite 6,42,113
Iron ore-magnetite 2,15,557
Manganese 23,271
Bauxite 53,072
Quartz/silica sand 20,004
Goa mineral reserves
Some of the key players
Sesa Goa
The Dempo Group
V.M. Salgaocar and Company Ltd
V.S. Chowgule and Company Ltd
Source: As per latest available data
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KEY INDUSTRIES – PHARMACEUTICALS … (1/3)
The pharmaceuticals industry is one of the major employers in the state.
A large number of companies, such as Cipla, Aventis and Blue Cross, have set up manufacturing facilities in Goa.
Apart from the incentives and policy thrust, Goa has been selected because of its ambience and pollution-free environment, which is conducive to
the pharmaceuticals industry.
Goa Pharmaceutical Manufacturers' Association (GPMA) is a registered body formed with the objective of uniting the pharmaceutical
manufacturers in Goa.
According to the 2017-18 state budget, the state government has made an allocation of US$ 3.2 million for Deen Dayal Swasthya Seva, which
provides the people of the state with a health cover through the insurance policy scheme, which includes a total of 443 medical treatments and
procedures.
In November 2016, Prime Minister of the Republic of Mauritius, inaugurated AYUR Herbarium project in North Goa, an initiative in association
with Union AYUSH Ministry.
Source: Ministry of MSME, Government of India
Some of the key players
Ranbaxy Laboratories Ltd
Aventis Pharma Ltd
Blue Cross Laboratories Ltd
Cipla Ltd
44. For updated information, please visit www.ibef.orgGOA44
KEY INDUSTRIES – PHARMACEUTICALS … (2/3)
Established in 1981, Blue Cross has carved a significant niche for itself in the Indian pharmaceuticals market. In
addition to its plant in Nashik, the company has a 12,000 sq m plant in Verna, Goa.
The company’s products are sold in over 18 countries across the globe. WHO and local Food and Drug
Administration (FDA) have approved the Goan plant. The company produces drugs belonging to major
therapeutic segments like anti-bacterial, pain management, antispasmodic, cough and cold preparations,
cardiology, diabetes, dermatology, anti-ulcer, antipyretics, etc. Blue Cross has an employee strength of over
1,000.
Blue Cross
Laboratories Ltd
Sun Pharmaceutical Industries Ltd, one of India's largest pharmaceutical companies, is an integrated, research-
based pharmaceutical company with a global presence The company announced the acquisition of Ranbaxy
Laboratories Limited in April 2014, and completed the acquisition deal in March 2015. The company manufactures
a wide range of generic medicines in its 45 manufacturing sites across the globe.Sun Pharmaceutical
Industries Ltd
Established in May 1956, the company has Sanofi-Aventis and Hoechst GmBH as its major share holders. The
Goa site has been certified by the World Health Organisation (WHO). The company’s Goa facility is a global
sourcing site for products, including the Daonil range, Cardace, Frisium, Stilnoct and AmaryI. The Goa site
employs around 230 people.Aventis Pharma Ltd
Established in 1935, Cipla is one of the oldest pharmaceutical companies in the country. It manufactures and
markets bulk drugs and formulations. It has a plant in Verna industrial estate. Among other formulations, the Goan
plant manufactures anti-HIV/AIDS drugs that have earned Cipla a strong presence across the globe.
Cipla Ltd
45. For updated information, please visit www.ibef.orgGOA45
KEY INDUSTRIES – TOURISM
For the year 2018-19, the state government had made an allocation
of Rs. 219.53 crore (US$ 34.06 million) to the tourism sector.
Innovative marketing strategies to project Goa as an all-time leisure
destination have resulted in higher tourist inflows over the years.
During 2017, Goa witnessed arrivals of 6,895,234 domestic tourists
and 890459 foreign tourists.
During 2017-18 (up to October 2017), the hotel rooms available in the
state increased by 7.93 per cent year-on-year.
The state government has been proactive in encouraging public-
private partnerships for promoting tourism by instituting a corpus
fund.
“Tourism by Tourists`” – a campaign started by Goa tourism, in
December 2016, bagged the “Asia Pacific Sabre Award”
E – visa facility issued at Dabolim airport, Goa from January 2017 –
December 2017 was 1,33,798.
With the continuous in-flow of tourists, Russian & European tourists,
in collaboration with locals from Arambol to Patnem, have started
offering yoga training classes to people.
The Ministry of Tourism of India has sanctioned US$ 15.42 million for
Development of a Coastal Circuit II in Goa under ‘Swadesh Darshan
Scheme’.
Source: Department of Tourism, Government of Goa, Economic Survey of Goa, 2014-15
Visakhapatnam port traffic (million tonnes)Tourist arrivals in Goa (in million)
2.21
2.02 2.13 2.2 2.22 2.33
2.62
3.54
4.76
5.65
6.90
0.39
0.35 0.38 0.44 0.45 0.45
0.49
0.51
0.54
0.68
0.89
0
1
2
3
4
5
6
7
8
9
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Domestic Foreign
46. For updated information, please visit www.ibef.orgGOA46
KEY INDUSTRIES – FISHERIES
Goa has a coastline of about 104 kms and inland waterways of about
250 km. The coast is full of creeks and estuaries formed by rivers;
144.28 thousand tonnes of marine fish and 5.33 thousand tonnes of
inland fish were harvested in 2017.
For 2016-17, the state government has also proposed to maximize
the petrol quota from 1,200 litres to 1,700 litres, for the canoes of the
fishermen. For this purpose, a financial assistance of US$ 0.77
thousand will be allocated by the state government.
During January to December 2017, the number of passengers who
arrived in the state on the basis of e-tourist visas was recorded to be
133,798 .
As per budget 2018-19, Fisheries has been allotted an annual fund
of Rs. 69 00 crore (US$ 10.71 million).
Visakhapatnam port traffic (million tonnes)Annual fish catch (‘000 tonnes)
Source: Economic Survey of Goa, 2017-18 State Budget 2016-17
91.1 88.7 80.6 87.0
86.1
86.6
87.9
128.1
105.7
101.1
144.3
2.4
3.0 3.2 3.3
3.5 3.8 4.6
3.7 4.6
4.4
5.3
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.0
50.0
100.0
150.0
200.0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Marine (LHS) Inland (RHS)
Visakhapatnam port traffic (million tonnes)Fish production in Goa (‘000 tonnes)
Source: Department of Animal Husbandry, Dairying and Fisheries,
Ministry of Agriculture, Government of India
77.9
114.1 117.9 111.9 117.9
0
20
40
60
80
100
120
140
2012-13 2013-14 2014-15 2015-16 2016-17(P)
Note: 2016-17(P) – provisional, Conversion rate = 64.45
Source: Ministry of Agriculture, Government of India, State Budget 2018-19
47. For updated information, please visit www.ibef.orgGOA47
KEY INVESTMENT PROMOTION OFFICES
Agency Description
Goa Industrial Development
Corporation (Goa-IDC)
It has been established with the purpose of securing land and assisting in fast and orderly establishment of
industries in the 20 designated industrial areas and estates.
Economic Development
Corporation
This is a state Government-promoted financial institution to operate and manage government-promoted
financial schemes.
It acts as an investment company and provides financial assistance to entrepreneurs for starting as well as
expanding business units.
The Goa State Infrastructure
Development Corporation
This was set up as a Special Purpose Vehicle (SPV), with the basic aim to develop infrastructure in a time-
bound manner.
Goa Handicrafts Rural and Small
Scale Industries Development
Corporation
It promotes traditional arts and crafts, fashioned by the state’s artists and artisans.
It performs functions related to procurement and distribution of indigenous and imported raw material,
especially for small scale units.
It has been instrumental in starting the ‘Deen Dayal Swayamrojgar Yojana’, a scheme to develop self-
employment opportunities for the youth.
Goa Tourism Development
Corporation
It promotes tourism and related activities in Goa.
It focuses on developing eco-tourism, heritage tourism, adventure tourism, medical tourism and event
tourism.
Goa Horticulture Corporation
It promotes investments in export-oriented projects, especially for the cultivation of exotic fruits and
vegetables, floriculture, etc.
It is entrusted with the development of horticulture estates and establishment of sales outlets for local
produce through establishments called ‘Krishi Ghars’.
Info Tech Corporation of Goa Ltd
(ITG)
It looks after the development of IT-related infrastructure, ITeS and implementation of the government’s
e-governance objectives.
48. For updated information, please visit www.ibef.orgGOA48
CONTACT LIST
Udyog Bhavan,
Panaji- 403 001 Goa
Phone: 91-832-2226377
Website: http://www.goaditc.gov.in/
Directorate of Industries, Trade and Commerce
Narayan Rajaram Bandekar Bhavan, T.B Cunha Road,
P.O. Box 59, Panaji - 403 001
Phone: 91-832-2424252
E-mail: goachamber@goachamber.org
Website: http://www.goachamber.org/
Goa Chamber of Commerce & Industry
49. For updated information, please visit www.ibef.orgGOA49
KEY APPROVALS REQUIRED
Approvals and clearances required Departments to be consulted Estimated time in days
Incorporation of company Registrar of Companies N.A.
Registration, Industrial Entrepreneurs Memorandum (IEM),
Industrial Licences
High Powered Coordination Committee (HPCC) for large
and medium-sized projects, Director of Industries, Trade
and Commerce for small and micro projects
N.A.
Allotment of land Goa-IDC 8 to 15
Permission for land use Goa-IDC 8 to 15
Site environmental approval
Goa State Pollution Control Board and Ministry of
Environment and Forests
60
No objection certificate and consent under Water and
Pollution Control Acts
Goa State Pollution Control Board 7 to 14
Approval of construction activity and building plan Town and Country Planning Authority 30
Sanction of power State Electricity Department Up to 60
Registration under the State Sales Tax Act and Central
and Excise Act
Sales Tax Department and Central and State Excise
Department
N.A.
N.A. – Not Available
50. For updated information, please visit www.ibef.orgGOA50
APPROVAL PROCESS … (1/2)
The Goa Industrial Policy 2003 has revamped the single-window clearance mechanism in the state.
HPCC, chaired by Goa’s Chief Minister, has been appointed responsible for dealing with large projects. Members of the committee include senior-
most officers of concerned state departments.
The Director of Industries, Trade and Commerce handles small scale industries. The Goa-IDC and the District Industries Centre act as nodal
agencies for various projects in the state. Goa-IDC handles the creation of SEZs in the state.
Greater than US$
1.09 million
HPCC
Department of
Industries, Trade
and Commerce
Director of
Industries, Trade
and Commerce
The Chief Minister
District Industries
Centre
Goa Industrial
Development
Corporation
(Goa-IDC)
Nodal agency
Under the
Chairmanship ofInvestment handled
Below US$ 1.09
million
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APPROVAL PROCESS … (2/2)
Goa Investment Policy 2013, which laid a special thrust on development of Special Investment Regions, aims to kick start investment in Goan
economy.
This policy aims to articulate various initiatives being undertaken to make Goa a preferred and aspirational investment destination.
It aims to create an institutional framework for facilitating investments in the thrust areas as well as other areas decided upon by the Investment
Promotion Board (IPB)/Government of Goa on an ongoing basis.
Evaluation and
recommendation by
satellite expert
consultant
IPB decision on
investment proposal
along with all
approving authorities
Check on land
availability in
industrial estates
Process for industrial set up in Goa
15 days Rejection
IPB
approval
Detailed
templatised
proposal submitted
to IPB
Land not available
Land
earmarked
30 days
Evaluation and
recommendation by
satellite consultant
Nodal officer
approval who would
assist with all
approvals Approval
Rejection
Receipt of all
clearances for unit to
establish facility and
start operations
30 days30 days30 days
Preliminary Project
Report submitted to
IPB
52. For updated information, please visit www.ibef.orgGOA52
COST OF DOING BUSINESS IN GOA
Cost parameter Cost estimate
Industrial land (per sq ft) US$ 10–50
Office space rentals (per sq ft per month) US 60 cents to US$ 2
Residential rentals (for a 2,000 sq ft house per month) US$ 800–1,300
Five-star hotel room (per night) US$ 160–800
Power cost (per kWh) Industrial: US 4.7–7.3 cents
Labour cost (minimum wage per day) US$ 3.9–5.5
Source: Industry sources, Goa-IDC, Ministry of Labour and Employment, Government of India, Electricity Department, Government of Goa
53. For updated information, please visit www.ibef.orgGOA53
STATE ACTS & POLICIES … (1/2)
The government has notified the Goa Start-up Policy 2017 with the following objectives:
• Make Goa a hub of high value start-ups.
• Attract entrepreneurial talent to the state and build a robust start-up eco-system in Goa
• Provide assistance to local entrepreneurs and start-ups
• Create at least 100 successful start-ups in the next five years
The Government of Goa has introduced the new Goa Investment Policy 2014 in order to boost investor confidence and attract new industries to Goa.
Main objectives of the new policy include: making Goa an aspirational investment destination by making business a pleasure, for best in class
manufacturing, knowledge-based, tourism, entertainment and other service industries, while improving the environmental and social indicators of the
state.
The state Government is working on the new tourism policy with a vision of overall tourism development and to engage with private players to invest
and develop infrastructure in the state.
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STATE ACTS & POLICIES … (2/2)
Objectives
IT Policy 2015
To make state of Goa most preferred destination for investors there by making IT/ITeS/ESDM a vibrant industry
leading to inclusive growth and employment generation.
Mining Lease Policy,
2014
The state Government can directly auction the leases in order to secure the best returns for the grant of leases by
way of a competitive bidding process.
Goa Investment Policy
2014
Creating 50,000 jobs and investing US$ 4.2 billion in new projects in the next five years.
Providing 24x7 high-quality power supply and logistics infrastructure to industries.
Biotech Policy 2006
To ensure accelerated growth in all areas of the biotechnology sector such as education, research and economic
sectors covering healthcare, agriculture, industry, services, environment management and employment
generation. Objectives of the policy include prioritisation of the thrust areas for basic and applied research and
technology development, and promotion of innovations in R&D by providing financial and infrastructural support.
Goa Special Economic
Zone Policy 2006
To augment infrastructure facilities to boost exports.
Industrial Policy 2003
To ensure accelerated industrial development, catalyse economic growth and balanced regional growth, protect
the environment and create sustainable employment for local youth of the state.
Key areas identified are pharmaceuticals, drugs and biotechnology, food processing, agro-based, IT and IT-
enabled services, eco-tourism/heritage tourism/adventure tourism/event tourism/medical tourism and
entertainment industries.
Read more
Read more
Read more
Read
more
Read more
Read more
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EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
Source: Reserve bank of India, Average for the year
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